How are the three figures related?

Operating cash flow is the cash a company’s core business produces. Capital expenditure (capex) is the cash it reinvests in property, plants, and equipment. Free cash flow is what is left over: operating cash flow minus capex.

What is the board sorted by?

By operating cash flow, largest first. Click the Capex or Free cash flow column to re-rank by either instead. The table carries all three so you can compare cash generated, reinvested, and left over.

Browse all

Companies With the Most Cash Flow

How This List Is Built

Companies ranked by trailing twelve month operating cash flow, shown next to their capital expenditures and free cash flow: the full cash-generation picture in one table, converted to US dollars.

We sum operating cash flow, capital expenditure, and free cash flow from the latest four quarterly cash flow statements, convert to US dollars at daily exchange rates, and rank by operating cash flow descending. Banks and insurers, whose cash flow is dominated by deposit and loan movements, are excluded. Refreshed nightly.

Frequently Asked Questions

How are the three figures related?: Operating cash flow is the cash a company’s core business produces. Capital expenditure (capex) is the cash it reinvests in property, plants, and equipment. Free cash flow is what is left over: operating cash flow minus capex.
What is the board sorted by?: By operating cash flow, largest first. Click the Capex or Free cash flow column to re-rank by either instead. The table carries all three so you can compare cash generated, reinvested, and left over.

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Nasdaq Composite

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Dow Jones

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Companies With the Most Cash Flow

Data as of Nov 9, 2026prices update during market hours (15-min delayed)all figures in USD

Sort:

#Rank	Company				Country
1	Microsoft CorporationMSFT	$195.88B	$135.92B	$59.96B	US
2	Alphabet Inc.GOOGL	$179.55B	$159.80B	$19.75B	US
3	Amazon.com, Inc.AMZN	$168.30B	$215.19B	−$46.89B	US
4	Samsung Electronics Co., Ltd.005930.KS	$146.01B	$40.68B	$105.34B	KR
5	Apple Inc.AAPL	$145.10B	$9.04B	$136.06B	US
6	NVIDIA CorporationNVDA	$134.36B	$7.35B	$127.01B	US
7	Saudi Arabian Oil Company2222.SR	$134.28B	$49.12B	$85.16B	SA
8	Meta Platforms, Inc.META	$133.09B	$104.44B	$28.65B	US
9	Taiwan Semiconductor Manufacturing Company LimitedTSM	$96.36B	$50.44B	$45.93B	TW
10	SK hynix Inc.SKHY	$94.42B	$26.75B	$67.68B	KR
11	Micron Technology, Inc.MU	$89.68B	$30.71B	$58.96B	US
12	CITIC Limited0267.HK	$74.46B	$6.14B	$68.32B	HK
13	ExxonMobil Holdings CorporationXOM	$70.59B	$27.63B	$42.96B	US
14	PetroChina Company Limited601857.SS	$66.41B	$41.15B	$25.27B	CN
15	Shell plcSHEL	$57.42B	$20.61B	$36.81B	GB
16	Chevron CorporationCVX	$51.95B	$17.88B	$34.07B	US
17	Oracle CorporationORCL	$46.94B	$75.66B	−$28.72B	US
18	Tencent Holdings Limited0700.HK	$45.83B	$18.98B	$26.85B	CN
19	Deutsche Telekom AGDTE.DE	$45.57B	$15.93B	$29.64B	DE
20	Walmart Inc.WMT	$42.92B	$29.41B	$13.51B	US
21	Broadcom Inc.AVGO	$40.65B	$1.25B	$39.40B	US
22	AT&T Inc.T	$40.27B	$22.42B	$17.85B	US
23	TotalEnergies SETTE	$39.76B	$17.29B	$22.47B	FR
24	Petróleo Brasileiro S.A. - PetrobrasPBR	$39.27B	$20.59B	$18.68B	BR
25	Verizon Communications Inc.VZ	$39.05B	$17.94B	$21.11B	US
26	China Mobile Limited0941.HK	$38.38B	$21.31B	$17.07B	HK
27	CNOOC Limited0883.HK	$36.43B	$16.88B	$19.55B	HK
28	BP p.l.c.BP	$36.14B	$12.75B	$23.39B	GB
29	PJSC GazpromGAZP.ME	$35.37B	—	$719.06M	RU
30	Comcast CorporationCMCSA	$31.73B	$14.64B	$17.09B	US
31	Eli Lilly and CompanyLLY	$30.64B	$10.98B	$19.66B	US
32	T-Mobile US, Inc.TMUS	$28.72B	$12.63B	$16.08B	US
33	UnitedHealth Group IncorporatedUNH	$26.20B	$3.37B	$22.83B	US
34	China Petroleum & Chemical Corporation600028.SS	$26.17B	$21.14B	$5.03B	CN
35	Johnson & JohnsonJNJ	$26.16B	$5.57B	$20.59B	US
36	Toyota Motor CorporationTM	$26.13B	$33.60B	−$7.47B	JP
37	ASML Holding N.V.ASML	$25.38B	$1.77B	$23.61B	NL
38	Marathon Petroleum CorporationMPC	$25.25B	$4.41B	$20.84B	US
39	Equinor ASAEQNR	$24.32B	$13.01B	$11.31B	NO
40	General Motors CompanyGM	$23.42B	$6.92B	$16.50B	US
41	ConocoPhillipsCOP	$23.24B	$12.13B	$11.11B	US
42	Roche Holding AGROP.SW	$22.46B	$4.44B	$18.02B	CH
43	BHP Group LimitedBHP	$21.85B	$9.88B	$11.97B	AU
44	LVMH Moët Hennessy - Louis Vuitton, Société EuropéenneMC.PA	$20.84B	$4.02B	$16.82B	FR
45	Christian Dior SECDI.PA	$20.83B	$4.92B	$15.91B	FR
46	China Telecom Corporation Limited601728.SS	$20.65B	$10.83B	$9.82B	CN
47	AbbVie Inc.ABBV	$20.09B	$1.22B	$18.87B	US
48	Nestlé S.A.NESN.SW	$19.99B	$4.71B	$15.28B	CH
49	The Procter & Gamble CompanyPG	$19.92B	$4.58B	$15.34B	US
50	Rio Tinto GroupRIO	$19.22B	$13.46B	$5.76B	GB
51	GE Vernova Inc.GEV	$19.22B	$2.10B	$17.12B	US
52	Novo Nordisk A/SNVO	$19.14B	$12.22B	$6.92B	DK
53	The Home Depot, Inc.HD	$18.78B	$3.68B	$15.10B	US
54	Tesla, Inc.TSLA	$18.71B	$15.41B	$3.30B	US
55	CVS Health Corp.CVS	$18.71B	$3.14B	$15.57B	US
56	Merck & Co., Inc.MRK	$18.70B	$3.96B	$14.75B	US
57	Kioxia Holdings Corp.285A.T	$17.84B	$1.73B	$16.11B	JP
58	Contemporary Amperex Technology Co., Limited300750.SZ	$17.62B	$8.15B	$9.46B	CN
59	Sandisk CorporationSNDK	$17.55B	$181.00M	$17.37B	US
60	Intel Corp.INTC	$17.47B	$13.70B	$3.77B	US
61	Anheuser-Busch InBev SA/NVBUD	$17.36B	$3.64B	$13.73B	BE
62	Novartis AGNVS	$17.32B	$2.48B	$14.84B	CH
63	Volkswagen AGVOW3.DE	$17.24B	$25.60B	−$8.36B	DE
64	The Walt Disney CompanyDIS	$16.99B	$8.70B	$8.29B	US
65	PDD Holdings Inc.PDD	$16.77B	$0.00	$16.77B	IE
66	Zijin Mining Group Company Limited601899.SS	$16.30B	$5.21B	$11.09B	CN
67	The Coca-Cola CompanyKO	$16.23B	$1.95B	$14.28B	US
68	Kweichow Moutai Co., Ltd.600519.SS	$16.11B	$343.84M	$15.77B	CN
69	Eni S.p.A.E	$16.06B	$10.15B	$5.91B	IT
70	Charter Communications, Inc.CHTR	$16.02B	$12.09B	$3.93B	US
71	SanofiSNY	$15.96B	$2.82B	$13.14B	FR
72	Valero Energy CorporationVLO	$15.96B	$881.00M	$15.08B	US
73	International Business Machines CorporationIBM	$15.83B	$1.49B	$14.34B	US
74	Costco Wholesale CorporationCOST	$15.83B	$6.44B	$9.39B	US
75	Space Exploration Technologies Corp.SPCX	$15.76B	$55.03B	−$39.27B	US
76	Salesforce, Inc.CRM	$15.75B	$596.00M	$15.15B	US
77	China Shenhua Energy Company Limited601088.SS	$15.16B	$9.75B	$5.41B	CN
78	Philip Morris International Inc.PM	$15.15B	$1.56B	$13.60B	US
79	Vodafone Group Public Limited CompanyVOD	$15.08B	$5.51B	$9.56B	GB
80	Phillips 66PSX	$15.03B	$2.53B	$6.39B	US
81	Ford Motor CompanyF	$14.97B	$9.83B	$5.15B	US
82	Enel S.p.A.ENEL.MI	$14.89B	$9.52B	$5.37B	IT
83	NextEra Energy, Inc.NEE	$14.82B	$16.44B	−$1.62B	US
84	PepsiCo, Inc.PEP	$14.57B	$4.10B	$10.47B	US
85	Gilead Sciences, Inc.GILD	$14.48B	$699.00M	$13.78B	US
86	Saudi Electricity Company5110.SR	$14.31B	—	−$9.69B	SA
87	China United Network Communications Limited600050.SS	$14.19B	$10.02B	$4.16B	CN
88	Caterpillar Inc.CAT	$14.18B	$4.58B	$8.99B	US
89	Cisco Systems, Inc.CSCO	$14.18B	$1.41B	$12.77B	US
90	Pfizer Inc.PFE	$14.17B	$2.39B	$11.79B	US
91	Siemens AGSIE.DE	$14.08B	$2.78B	$11.30B	DE
92	EOG Resources, Inc.EOG	$14.06B	$6.68B	$7.38B	US
93	Orange S.A.ORA.PA	$13.79B	$8.17B	$5.62B	FR
94	Energy Transfer LPET	$13.57B	$7.49B	$6.08B	US
95	Vinci S.A.DG.PA	$13.56B	$4.32B	$9.24B	FR
96	Korea Electric Power CorporationKEP	$13.42B	$12.36B	$1.06B	KR
97	América Móvil, S.A.B. de C.V.AMX	$13.38B	$6.02B	$7.36B	MX
98	MercadoLibre, Inc.MELI	$13.37B	$1.64B	$11.73B	UY
99	AstraZeneca PLCAZN	$13.33B	$4.01B	$9.32B	GB
100	Sony Group CorporationSONY	$13.32B	$3.26B	$10.07B	JP
101	Newmont CorporationNEM	$13.10B	$3.02B	$10.07B	US
102	Semiconductor Manufacturing International Corporation688981.SS	$13.05B	$7.89B	$5.17B	CN
103	PJSC LukoilLKOH.ME	$13.01B	$7.07B	$5.94B	RU
104	Mitsubishi Corporation8058.T	$12.98B	$2.71B	$10.27B	JP
105	BT Group plcBT-A.L	$12.89B	$10.38B	$2.51B	GB
106	Bharti Airtel LimitedBHARTIARTL.NS	$12.80B	$5.98B	$6.82B	IN
107	Suncor Energy Inc.SU	$12.80B	$3.87B	$8.93B	CA
108	RTX CorporationRTX	$12.44B	$3.31B	$9.13B	US
109	Accenture plcACN	$12.36B	$742.75M	$11.62B	IE
110	Netflix, Inc.NFLX	$12.31B	$932.88M	$11.38B	US
111	Dell Technologies Inc.DELL	$12.15B	$3.59B	$8.56B	US
112	Amgen Inc.AMGN	$12.04B	$2.45B	$9.58B	US
113	Canadian Natural Resources LimitedCNQ	$11.98B	$5.31B	$6.67B	CA
114	Alibaba Group Holding LimitedBABA	$11.69B	$23.30B	−$11.61B	CN
115	Mercedes-Benz Group AGMBG.DE	$11.60B	$6.21B	$5.39B	DE
116	Duke Energy CorporationDUK	$11.55B	$15.84B	−$4.27B	US
117	GSK plcGSK	$11.38B	$2.28B	$9.10B	GB
118	Polski Koncern Naftowy ORLEN Spólka AkcyjnaPKN.WA	$11.23B	$7.83B	$3.40B	PL
119	HCA Healthcare, Inc.HCA	$11.17B	$5.20B	$5.97B	US
120	QUALCOMM IncorporatedQCOM	$11.15B	$2.49B	$8.65B	US
121	Cenovus Energy Inc.CVE	$11.11B	$3.59B	$7.52B	CA
122	SAP SESAP	$10.99B	$781.44M	$10.21B	DE
123	Occidental Petroleum CorporationOXY	$10.98B	$5.66B	$5.31B	US
124	McDonald's CorporationMCD	$10.95B	$3.46B	$7.49B	US
125	BYD Company Limited002594.SZ	$10.94B	$19.37B	−$8.43B	CN
126	Hitachi, Ltd.6501.T	$10.86B	$2.61B	$8.25B	JP
127	Adobe Inc.ADBE	$10.81B	$214.00M	$10.59B	US
128	Uber Technologies, Inc.UBER	$10.74B	$314.00M	$10.42B	US
129	Linde plcLIN	$10.71B	$5.63B	$5.08B	GB
130	SAIC Motor Corporation Limited600104.SS	$10.68B	$3.11B	$7.57B	CN
131	AyvensAYV.PA	$10.67B	—	−$7.82B	FR
132	Bristol-Myers Squibb CompanyBMY	$10.65B	$1.37B	$9.29B	US
133	Siemens Energy AGENR.DE	$10.59B	$2.02B	$8.57B	DE
134	Union Pacific CorporationUNP	$10.53B	$3.83B	$6.69B	US
135	Telefónica, S.A.TEF.MC	$10.39B	$5.69B	$4.70B	ES
136	Diamondback Energy, Inc.FANG	$10.36B	$3.90B	$6.46B	US
137	A.P. Møller - Mærsk A/SMAERSK-B.CO	$10.32B	$4.00B	$6.32B	DK
138	Deutsche Post AGDHL.DE	$10.11B	$3.21B	$6.91B	DE
139	Lockheed Martin CorporationLMT	$10.11B	$1.73B	$8.38B	US
140	The Southern CompanySO	$10.07B	$13.56B	−$3.78B	US
141	L'Oréal S.A.OR.PA	$10.04B	$1.61B	$8.42B	FR
142	Texas Instruments IncorporatedTXN	$9.90B	$2.58B	$7.32B	US
143	Vale S.A.VALE	$9.85B	$6.07B	$3.78B	BR
144	Barrick Mining CorporationB	$9.74B	$4.19B	$5.55B	CA
145	FedEx CorporationFDX	$9.71B	$4.22B	$5.48B	US
146	Devon Energy CorporationDVN	$9.67B	$7.47B	$2.20B	US
147	Booking Holdings Inc.BKNG	$9.56B	$324.00M	$9.24B	US
148	Enka Insaat ve Sanayi A.S.ENKAI.IS	$9.54B	$3.00B	$6.55B	TR
149	Unilever PLCUL	$9.53B	$1.45B	$8.08B	GB
150	GE AerospaceGE	$9.45B	$1.43B	$8.02B	US

How This List Is Built

Companies ranked by trailing twelve month operating cash flow, shown next to their capital expenditures and free cash flow: the full cash-generation picture in one table, converted to US dollars.

Frequently Asked Questions

How are the three figures related?: Operating cash flow is the cash a company’s core business produces. Capital expenditure (capex) is the cash it reinvests in property, plants, and equipment. Free cash flow is what is left over: operating cash flow minus capex.
What is the board sorted by?: By operating cash flow, largest first. Click the Capex or Free cash flow column to re-rank by either instead. The table carries all three so you can compare cash generated, reinvested, and left over.